Consolidated Communications closes $1.344B asset-backed securitization and $1.5B revolving facility in Conroe, Texas.

Consolidated Communications Holdings, LLC revealed the completion of its first fiber securitization deal totaling $1.344 billion. The transaction involved issuing asset-backed term notes (referred to as the “Notes”) secured by current and future fiber-enabled customers in specific states, along with the fiber optic and network infrastructure serving these customers. Simultaneously with the Notes offering, the company also...